alstry (36.50)

When Growth Is Bad

3

Digital Delivery of Movies/Music is eliminating CDs/DVDs and billions of plastic cases plus packaging. Advancing technology is destroying the need for plastic consumption...heck, look how small electroninc components are today vs. just a decade ago.

If you were in the plastic manufacturing business, your sales would be suffering.....

But now, humanity can deliver an unlimited supply of movies and music to anyone in the world with very little resource consumption and very little human labor. As technology advancing, this capability is spreading into more industries like education and finance.

With advancing technology and deleveraging eliminating tens of millions of jobs globally, what will people do?